Global Canola Meal Market – Industry Trends and Forecast to 2031

Canola Meal Market Analysis and Size

The global canola meal market is primarily driven by the increasing demand for high-protein feed ingredients in the livestock and aquaculture industries. Canola meal, as a byproduct of canola oil extraction, is valued for its nutritional content and has gained traction as a sustainable and cost-effective protein source. Growing awareness of its benefits, coupled with a rising global focus on animal nutrition, has propelled the demand for canola meal. In addition, the expanding canola oil industry contributes to the market's growth by generating a consistent supply of canola meal.

Data Bridge Market Research analyzes that the global canola meal market is expected to reach USD  12,345.70 million by 2031 from USD  8,832.60 million in 2023, growing with a CAGR of 4.3% during the forecast period. The “aquatic animals” segment of the animal type segment is expected to dominate the market due to their high reliance on protein-rich feeds.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Canola meal is a byproduct obtained from the process of extracting oil from canola seeds. Canola itself is a cultivar of rapeseed that has been specifically bred to have low levels of erucic acid and glucosinolates, making it suitable for human and animal consumption. Canola meal is a valuable protein-rich feed ingredient used in livestock and poultry diets. After the oil is extracted, the remaining material is processed into canola meal, which is characterized by its high protein content, balanced amino acid profile, and digestibility. It serves as an essential component in animal nutrition, providing a cost-effective and sustainable protein source.

Global Canola Meal Market Dynamics

Drivers

• Growing Demand for Protein-Rich Feed

The increasing global demand for protein-rich animal feed, particularly in the livestock and aquaculture industries, is a major driver for the canola meal market. Canola meal serves as an important source of high-quality protein in animal diets. The canola meal market is experiencing a surge in demand driven by the growing recognition of its value as a protein-rich feed in the livestock and poultry industries. Boasting a protein content of approximately 36-40%, canola meal provides a nutritionally balanced profile of essential amino acids, making it an ideal ingredient for promoting healthy growth and development in animals. Beyond its nutritional benefits, the cost-effectiveness of canola meal compared to traditional sources such as soybean meal has contributed to its rising popularity among livestock and poultry producers.

•  Sustainable and Cost-Effective Feed Ingredients

Canola meal is recognized for its sustainability and cost-effectiveness as a feed ingredient. Its use aligns with the increasing awareness and preference for environmentally friendly and economically viable agricultural practices. The canola meal market is witnessing a notable surge in demand, propelled by its dual appeal as a sustainable and cost-effective feed ingredient. Recognized for its impressive protein content of around 36-40%, canola meal stands out as a valuable nutritional source for livestock and poultry. What enhances its attractiveness is not only its nutritional profile but also its cost-effectiveness, positioning it as a compelling alternative to traditional feed sources such as soybean meal. The sustainability factor further amplifies its market significance, as canola cultivation is known for its relatively low environmental impact. The utilization of canola meal as a byproduct from the oil extraction process aligns with the broader industry trend toward efficient resource utilization.

Opportunities

• Rising Awareness of Nutritional Benefits

Increasing awareness of the nutritional benefits of canola meal, such as its balanced amino acid profile and digestibility, presents an opportunity for market expansion as consumers and producers seek healthier and more efficient animal nutrition solutions. The canola meal market is experiencing a notable uptick in demand, driven by the rising awareness of its substantial nutritional benefits. Canola meal, a byproduct of canola seed oil extraction, has gained prominence in the agricultural and animal nutrition sectors due to its rich nutrient profile. With an impressive protein content ranging from 36-40%, canola meal provides a valuable source of essential amino acids crucial for livestock and poultry health. The heightened awareness of its nutritional advantages, including a balanced amino acid composition, has led to increased adoption by farmers and feed manufacturers alike. As the agricultural community becomes more informed about the positive impact of canola meal on animal growth, development, and overall health, its popularity continues to grow.

• Technological Advancements in Extraction

Ongoing advancements in extraction technologies can lead to improved efficiency in canola meal production, potentially opening avenues for increased market penetration and enhanced product quality. The canola meal market is undergoing significant transformations, largely attributed to technological advancements in the extraction processes associated with canola seeds. These innovations are reshaping the landscape by enhancing efficiency, yield, and the overall quality of canola meal production. Modern extraction techniques, such as solvent extraction and mechanical pressing, have become more sophisticated, allowing for higher oil extraction rates and improved meal quality.

Restraints/Challenges

• Competition from Alternative Protein Sources

Canola meal faces competition from other protein sources in the animal feed market. Competition with soybean meal and other alternative protein ingredients can pose a challenge to the widespread adoption of canola meal. The canola meal market is encountering formidable competition from a spectrum of alternative protein sources, reshaping the dynamics of the animal feed industry. Notably, soybean meal remains a stalwart rival, historically entrenched as a dominant protein source with a comparable nutritional profile. The emergence of pea protein as a plant-based alternative, driven by environmental and ethical considerations, further intensifies the competition, challenging canola meal's market share.

•  Dependency on Oilseed Market Dynamics

The canola meal market is closely linked to the dynamics of the oilseed market. Fluctuations in oilseed prices and production can affect the overall profitability and stability of the canola meal market. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in developing economies, the heavy customs duty imposed on medical devices, and the lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market growth in the forecast period.

The global canola meal market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market. To gain more info on the market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market. It delivers information by considering the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In July 2020, the renowned Dutch feed manufacturer De Heus Animal Nutrition and the Polish feed producer Golpasz agreed to sell each other's production facilities in Poland
• In December 2019, a new animal feed manufacturing facility opened in Nakuru, Kenya, in December 2019, according to the announcement made by Bidco Land O' Lakes, a partnership between American cooperative Land O' Lakes and the East African company Bidco Africa

Global Canola Meal Market Scope

The global canola meal market is segmented into two notable segments based on animal type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Animal Type

• Aquatic Animals
• Poultry
• Ruminants

Application

• Feed
• Fertilizer
• Food Additive

Global Canola Meal Market Regional Analysis/Insights

The global canola meal market is analyzed and market size insights and trends are provided by country, animal type, and application as referenced above.

The countries covered in this market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa.

Europe is expected to dominate the market as it is the leading manufacturer of canola oil around the world.

Asia-Pacific is expected to witness significant growth during the forecast period of 2024 to 2031 due to the higher preference of consumers towards trying canola oil. Moreover, the increase in awareness regarding the health advantages it provides is further anticipated to propel the growth of the canola-based products market in the region in the coming years.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Canola Meal Market Share Analysis

The global canola meal market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the canola meal market.

Some of the major market players operating in the global canola meal market are:

• Louis Dreyfus Company (Netherlands)
• MSM Milling (Australia)
• Sunrise Foods (India)
• Macquarie Oil Co. (Australia)
• Ibratas Trading Company (Jordan)
• LaBudde Group, Inc. (U.S.)
• Canex (Canada)
• Riverina (Australia)
• Sun Impex (India)
• Prestige Group (India)
• Mahesh Agro Food Industries (India)
• AGRIM (France)

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